Shanghai Fosun Pharmaceutical last week pushed back the launch of its US$600 million Hong Kong initial public offering from 11 October to, most likely, 15 October – possibly putting it on track for an accelerated marketing timetable. (See my prior column in Money Post on 30 April). read
HONG KONG (Dow Jones Investment Banker) – Fitness First is likely to apply to Singapore’s SGX this month for an eligibility-to-list letter for an IPO, with a launch this July. The business, which has been listed before in the UK, has a wide footprint and boasts impressive statistics, as well as a clear ability to generate cash (2009 EBITDAwas US$238 million equivalent). We look at the group, and at the possible shape the IPO might take.
